AUSTIN, Texas — Welcome back, Big 12.

The league that was all but given up for dead over the weekend has made quite a comeback: Texas style.

The Big 12 got new life Monday when Texas declined an invitation to join the Pac-10, starting the ball rolling for Oklahoma, Oklahoma state and Texas A&M to announce they too would stay where they are, ending speculation of a high-stakes game of conference musical chairs that threatened to shake up college athletics across the country.

Everyone followed Texas after Big 12 commissioner Dan Beebe convinced his members they would make more money in television and media deals in a 10-team Big 12 than in a 16-team Pac-10.

Details on how that would work are still unclear, but a person with direct knowledge of discussions among the Big 12's remaining members said Texas is clear to set up its own TV network and keep all proceeds in exchange for remaining in the Big 12. The person spoke to The Associated Press on condition of anonymity because final details had not been worked out.

"Everybody is feeling much more confident the Big 12 is going to survive," the person said. "Everybody's going to be making more money."

And all that talk about the Pac-16, the first super conference that would span from Seattle to the Lone Star state? Done.

"University of Texas president Bill Powers has informed us that the 10 remaining schools in the Big 12 Conference intend to stay together," Pac-10 commissioner Larry Scott said in a statement. "We are excited about the future of the Pac-10 Conference and we will continue to evaluate future expansion opportunities under the guidelines previously set forth by our presidents and chancellors."